Sunday, September 21, 2008

More Corporate Welfare

Those who are jokingly talking about "socialism" in regards to the proposed bailout of the financial markets are missing the point. It's welfare, and welfare that only applies to rich corporations. There's apparently no money to help people that are losing their homes, can't afford to drive to work, can't afford to buy healthcare, but there's a trillion dollars to bail out companies that are sending off the guys that fucked us all over with 10s of millions of parachute money.

Krugman says no and thankfully Barack Obama says not so fast. I'm not saying that there's nothing to be done, but it can't be done without controls and regulations and help for the people who've been really hurt by this. Hopefully Obama will stick to his guns and give Congress the backbone to do this right.